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Renovated Office Space in Downtown
For Lease
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424 North Riverfront Drive Suite 230, Mankato, MN 56001

Modern office spaces for lease in a renovated downtown building.

Space Size135 SF - 1,635 SF
Property Size30,000 SF
Days on Market2192

Property Features for 424 North Riverfront Drive Suite 230

General Information

Standard status Active
Size 135 SF - 1,635 SF
Class B
Total Parking Spaces 140
Property subtype Office
Lease Type Gross

Building Details

Building Size 30,000 SF
Year Built 1967
Tenancy Multiple

Spaces For Lease

at 424 North Riverfront Drive Suite 230 Contact us

300 L - Furnished Private Office

Size
135 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us

300 M - Furnished Private Office

Size
135 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us

300 K - Furnished Private Office

Size
135 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us

Artist Suite

Size
310 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us

Suite 110

Size
1,635 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Coldwell Banker Commercial Fisher Group
Listed By: Dain Fisher · License #MN
Source: Crexi
Added: Aug 25, 2020 Changed: Aug 25 Last Checked: Aug 24 at 11:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Fisher Group

Investment Insights

Based on property information with market context.

Office spaces are available for lease in the renovated Hubbard Building, situated in downtown Mankato. The property is known as a hub of innovation and activity, featuring modern design common areas, a hydroponic plant wall filtration system, and solar panel energy. A partnership with Minnesota State University, Mankato brings in students, faculty, and business partners from the region for special events. Tenants benefit from a newly remodeled state-of-the-art conference room, ample parking, and an adjacent Food Truck Hub. Spaces range from individual offices on gross lease to renovated spaces with fixtures and finishes. The property is located on Riverfront Drive in Old Town, with high traffic counts of 20,000 vehicles per day. It is less than 2 miles from Highway 14, within Mankato’s central business district, near developments, hospitality, dining options, and other office and retail users.

Key Highlights

  • Renovated office spaces in a hub of innovation and activity.
  • Prime downtown location on Riverfront Drive with high traffic (20,000 VPD).
  • Partnership with Minnesota State University, Mankato.

Property Analytics

Current Use

Jason Bonnema - Thrivent Financial Advisor Ridley Feed Operations Industrial Manufacturer Rite-Factor Pet Store & Service Cubic 3D LLC Industrial Manufacturer Mogwai Collaborative Coworking & Hybrid Office

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Barber Shop Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,659
Businesses Nearby

Demographics for 56001, MN

50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value

Market

Lease Benchmarks for Mankato, MN

$9.5 /SF/Yr
Avg Asking Price
$6–$17 /SF/Yr
Price Range
4,107 SF
Avg Space Size

This space is priced 26% above the average of $9.5 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Modern office spaces for lease in a renovated downtown building.
Where is this office units located?
The property is located at 424 North Riverfront Drive Suite 230 Mankato, MN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Renovated office spaces in a hub of innovation and activity.; Prime downtown location on Riverfront Drive with high traffic (20,000 VPD).; Partnership with Minnesota State University, Mankato.
(507) 469-0545 Call to check price and availability
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